Netflix, Paramount and Hostile Bid
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A high-stakes bidding war heated up this week when Paramount made a hostile takeover bid for Warner Bros. Discovery, challenging a multibillion-dollar Netflix deal to buy the entertainment juggernaut.
Netflix won the bidding war for Warner Bros. Discovery’s (WBD’s) streaming and movie studio businesses last week. But Paramount Skydance isn’t relenting on its dreams of owning WBD and is pushing forward with a hostile takeover bid.
Paramount launches a $108 billion hostile bid for Warner Bros., raising questions about major takeovers and industry impact.
Paramount's bid to acquire Warner Bros. over Netflix has turned hostile as the company aims to acquire a higher stake in television.